Study-unit SECURITIES MARKETS

Course name Business administration
Study-unit Code 20084306
Location PERUGIA
Curriculum Economia dei mercati e degli intermediari finanziari
Lecturer Alberto Burchi
Lecturers
  • Alberto Burchi
Hours
  • 42 ore - Alberto Burchi
CFU 6
Course Regulation Coorte 2018
Supplied 2020/21
Supplied other course regulation
Learning activities Caratterizzante
Area Aziendale
Sector SECS-P/11
Type of study-unit Obbligatorio (Required)
Type of learning activities Attività formativa monodisciplinare
Language of instruction Italian
Contents Part One - Corporate Bonds and Sovereign Risk
Part two - Equity instruments
Part Three - Asset Management Products
Part Four - Derivative instruments and structured securities
Reference texts Frank K. Reilly And Keith C. Brown, Investment Analysis & Portfolio Management, Thomson South-Western.

Hull John C., Opzioni, futures e altri derivati, Pearson Education Italia.

Frank J. Fabozzi, Franco P. Modigliani, Frank J. Jones, Foundations of Financial Markets and Institutions, Pearson International Edition.
Educational objectives The course has a dual objective: firstly, to provide the knowledge needed to understand the nature and technical characteristics of financial instruments, the organization and functioning of the markets in which these instruments are traded, the role and discipline of intermediaries who intervene in the direct channel of financing of the economy. Secondly, the course pursues the objective of offering an exhaustive preparation in the field of analysis and evaluation of financial investments. In particular, it is proposed to provide the theoretical framework and analytical instrumentation for assessments and investment choices
Prerequisites Some facility with elementary algebra and calculus required
Teaching methods 1. Frontal lesson
2. Case study
3. Group learning
4. Problem Solving
5. Role playing
6. Assignment
7. Discussion
Other information No
Learning verification modality Written exam with open answer questions Students' presentation of seminars on topics regarding the teaching course
Extended program 1. The markets

Part One - Corporate Bonds and Sovereign Risk
2. The characteristics of debt instruments
3. Evaluation of the profitability and risk of debt instruments
4. Sovereign debt: the characteristics and markets of public securities
5. The funding tools of private issuers («corporate»)

Part two - Equity instruments
6. Equity: types, returns and risks
7. The stock markets
8. Trading in equities
9. Entry and exit from the market

Part Three - Asset Management Products
10. The asset management industry
11. Mutual funds and Sicavs
12. Insurance products and pension funds
13. The management of securities portfolios and performance evaluation

Part Four - Derivative instruments and structured securities
14. The general characteristics of derivative instruments and valuation
15. Derivatives and exchange rates
16. Equity, credit and pure risk derivatives
17. Structured instruments